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Nov 25, 2012
11/12
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let's begin with the fiscal cliff. as we head into a new week, what happened to the hope that compromise was about to take center stage? >> well, i mean, compromise could still take center stage and i actually believe that it will. i'm optimistic they will avert the fiscal cliff. and you mentioned a couple of senators basically saying that they would abandon their pledge not to ever raise taxes. but i think you have to remember that that will be part of a compromise, but that does not necessarily signal moderation. that was an extreme position to ever have taken. you can say, in spirit, that i don't -- i'm against raising taxes in spirit. however, as a legislator, i have to make choices based on what's happening at that moment in time. and if you have -- if you have a rising deficit and you have a country where the economy is stagnating you may have to, in the short term or for longer periods of time raise revenue and you may have to do that through raising taxes. so to have ever taken that position was an extreme posi
let's begin with the fiscal cliff. as we head into a new week, what happened to the hope that compromise was about to take center stage? >> well, i mean, compromise could still take center stage and i actually believe that it will. i'm optimistic they will avert the fiscal cliff. and you mentioned a couple of senators basically saying that they would abandon their pledge not to ever raise taxes. but i think you have to remember that that will be part of a compromise, but that does not...
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Nov 25, 2012
11/12
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tomorrow, congress returns to work tackling the fiscal cliff. also monday, the body of late palestinian leader yasser arafat will be exhumed eight years after his death. no questions now about how he may have died. >>> and thursday the gross
tomorrow, congress returns to work tackling the fiscal cliff. also monday, the body of late palestinian leader yasser arafat will be exhumed eight years after his death. no questions now about how he may have died. >>> and thursday the gross
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Nov 25, 2012
11/12
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cliff. let's bring in george stephanopoulos. >> congress has gone home to the districts, any optimism that cooler heads will prevail and we'll see movement toward a deal quickly? >> there are only five weeks left. everything has to happen before december 31st. the president has had his first meetings with the top congressional leaders. there's a fair amount of optimism that something will get done before the end of the year. maybe a down payment on deficit reduction combined with a commitment to hit the big numbers. >> in addition to the fiscal cliff, some big vacancies coming up in the president's cabinet the state department, the treasury, even the cia, the general petraeus scandal, three vacancies now. >> and there's likely to be more shuffling in the president's cabinet. the president has signaled is favorite likely to be u.n. ambassador susan rice for secretary of state, she's faced a lot of opposition in house this week, republicans signed a letter not to appoint susan rice. the presid
cliff. let's bring in george stephanopoulos. >> congress has gone home to the districts, any optimism that cooler heads will prevail and we'll see movement toward a deal quickly? >> there are only five weeks left. everything has to happen before december 31st. the president has had his first meetings with the top congressional leaders. there's a fair amount of optimism that something will get done before the end of the year. maybe a down payment on deficit reduction combined with a...
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Nov 25, 2012
11/12
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although that might not be announced until after the fiscal cliff negotiations. mike morales the acting director has left. he is a strong favorite to remain there although the president's counterterrorism adviser john brennan a big candidate. >> just a slightly less serious note, apparently there's going to be some head shaving on the broadcast this week. >> a first on "this week." this is right. a great story, the top spokesman who had a bet, shawn spicer and brad woodhouse. whoever lost the election would shave their head. so this was shawn spicer was supposed to shave his head. he is the rnc spokesman and when brad found out about this, we're showing it, jon karl is doing the honors. he said he would join in and shave his head. >> he has no credentials for this. >> let's see how he does. the thing is it's for a good cause, st. baldrick's center. >> anyway, you'll be joining that helps kids with cancer so end up both shaving their heads on the show today to help kids with cancer. >> anyway, you'll be joining them? >> i'll help out the cause. >> all right, great
although that might not be announced until after the fiscal cliff negotiations. mike morales the acting director has left. he is a strong favorite to remain there although the president's counterterrorism adviser john brennan a big candidate. >> just a slightly less serious note, apparently there's going to be some head shaving on the broadcast this week. >> a first on "this week." this is right. a great story, the top spokesman who had a bet, shawn spicer and brad...
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Nov 25, 2012
11/12
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off the fiscal cliff would put the u.s. economy right back in recession and drive the jobless rate up to 9.1% by the end of next year according to the congressional budget office. and that would not be good, but speaker of the house, john boehner along with mitch mcconnell represents republicans at the negotiating table, says he's open to finding the federal government more ways it take in money. >> to show our seriousness, we'll put revenue on the table as long as it's accompanied by significant spending cuts. and while we're going to continue to have revenue on the table. for my colleagues to show the american people that we're serious about cutting spending and solving our fiscal dilemma. but, just because speaker boehner says he backs new revenue doesn't mean we should expect him to suddenly support a big tax increase for the wealthiest americans. >> president obama wants to let the bush era tax cuts expire, so, the top marginal tax rate would rise from 35% to 39.6% and that's going to be a major sticking point in the n
off the fiscal cliff would put the u.s. economy right back in recession and drive the jobless rate up to 9.1% by the end of next year according to the congressional budget office. and that would not be good, but speaker of the house, john boehner along with mitch mcconnell represents republicans at the negotiating table, says he's open to finding the federal government more ways it take in money. >> to show our seriousness, we'll put revenue on the table as long as it's accompanied by...
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Nov 25, 2012
11/12
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. >>> this week congress returns to take on the pending fiscal cliff. year-end deadline where higher taxes and deep cuts kick in if a compromise haven't been reached. the stock markets have been betting early among congress will reach an early compromise, showing gains in this week's session. but republicans and democrats sound as far apart as ever on reaching a solution. >> the house of representatives has a bipartisan bill passed by the senate that will spare 898% of taxpayers across america from any income tax bases and 98% of businesses. it's a bipartisan bill the house should pass. >> it's fair to ask my party to put revenue on the table below historic packages. i will cap deductions. if you cap deductions around the 30, $40,000 range you can raise $1 trillion in revenue and the people who lose deductions are the upper income americans. to do this i just don't want to promise spending cuts, i want entitlement reforms. >> senator graham said the senate version will cutback the military to dangerously low levels. >>> new this morning the u.s. supreme
. >>> this week congress returns to take on the pending fiscal cliff. year-end deadline where higher taxes and deep cuts kick in if a compromise haven't been reached. the stock markets have been betting early among congress will reach an early compromise, showing gains in this week's session. but republicans and democrats sound as far apart as ever on reaching a solution. >> the house of representatives has a bipartisan bill passed by the senate that will spare 898% of taxpayers...
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Nov 25, 2012
11/12
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KRON
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and dealing with the loving fiscal cliff looming -- they will have to deal with this to avoid tax increases and spending cuts at the net jones has the latest on the negotiations. >> after meeting with president of,. >> let me welcome the congressional leadership. >> expressed optimism to avoid $500 billion on tax increases and spending cuts next year. >> we have a very constructive meeting with the president to talk about the americans financial problems. >> we have a cornerstone to fig. >> the have working behind this seemed to work together to bring in tax revenue and reduce spending on medicare but it is not yet clear what lawmakers will meet next. even if some progress is made a final deal could be a long way away. >> we rarely see the hill and the white house make decisions early they do better when they have a deadline so i would be pleasantly surprised to see a deal emerge earlier. by the end of the year, so we will see. >> tax hikes and steep spending cuts will take place next year. >> 8:41 first, this live look outside at san francisco still very foggy. there are some bridge adviso
and dealing with the loving fiscal cliff looming -- they will have to deal with this to avoid tax increases and spending cuts at the net jones has the latest on the negotiations. >> after meeting with president of,. >> let me welcome the congressional leadership. >> expressed optimism to avoid $500 billion on tax increases and spending cuts next year. >> we have a very constructive meeting with the president to talk about the americans financial problems. >> we...
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Nov 25, 2012
11/12
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they have a few weeks to reach the deal before the country falls over the fiscal cliff. we are updated as lawmakers return to washington this week from their holiday break. >> reporter: after meeting with president obama before the thanksgiving holiday,. >> i want to welcome the congressional leadership here. >> reporter: congressional leaders expressed optimism to reaching more in tax increases and that is to take effect next year. >> constructive meeting with the president to talk about america's physical problem. >> we have the cornerstones of being able to work something out. >> reporter: they have been working behind the scenes to find common ground. the sticking points how to bring in more tax revenue and reduce spending on programs like medicare. but it is not yet clear when the lawmakers and the president will meet next. even if some progress is made this week. a final deal can be a long way off. >> we rarely see the hill and the white house make decisions early. they tend to do better when they have a deadline. i would be pleasantly surprised to see it, a deal e
they have a few weeks to reach the deal before the country falls over the fiscal cliff. we are updated as lawmakers return to washington this week from their holiday break. >> reporter: after meeting with president obama before the thanksgiving holiday,. >> i want to welcome the congressional leadership here. >> reporter: congressional leaders expressed optimism to reaching more in tax increases and that is to take effect next year. >> constructive meeting with the...